---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-22-023841"
form_type: "8-K"
ticker: "PTEN"
cik: "0000889900"
company_name: "PATTERSON UTI ENERGY INC"
filed_at: "2022-11-09T23:59:59+00:00"
generated_at: "2026-06-22T02:29:59.539719+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Patterson-UTI amends credit agreement; extends $416.7M revolver to 2026, adopts SOFR

## Summary
- LC facility capacity increased to $100M; swing line capacity set at lesser of $50M or unused commitment.
- Maturity extended to March 2026 for $416.7M of $600M revolver; $133.3M matures March 2025, $50M March 2024.
- Reference rate changed from LIBOR to SOFR under Amendment No. 3.
- No borrowings or LCs outstanding; $600M borrowing capacity remains available.

## SEC filing metadata
- accession: 0000950170-22-023841
- form_type: 8-K
- ticker: PTEN
- cik: 0000889900
- company_name: PATTERSON UTI ENERGY INC
- filed_at: 2022-11-09T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/889900/000095017022023841/0000950170-22-023841-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/889900/000095017022023841/pten-20221109.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-22-023841
- JSON: https://secwatch.observer/filing/0000950170-22-023841.json
- Plain text: https://secwatch.observer/filing/0000950170-22-023841.txt

## Key facts
- Debt Financings
  PATTERSON UTI ENERGY INC amended revolving credit of $600 million with Wells Fargo Bank, National Association maturing March 27, 2026.
  - Instrument: revolving credit
  - Principal: $600 million
  - Counterparty: Wells Fargo Bank, National Association
  - Maturity: March 27, 2026
  - Event: amendment
  source text: the maturity date for $416.7 million of revolving credit commitments of certain lenders under the Credit Agreement from March 27, 2025 to March 27, 2026. As a result, of the $600 million of revolving credit commitments under the Credit Agreement, the maturity date for $416.7 million of such commitments is March 27, 2026; the maturity date for $133.3 million of
  evidence_url: https://www.sec.gov/Archives/edgar/data/889900/000095017022023841/0000950170-22-023841-index.htm
- Material Agreements
  PATTERSON UTI ENERGY INC amended Amendment No. 3 to Amended and Restated Credit Agreement with Wells Fargo Bank, National Association (effective 2022-11-09).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: Wells Fargo Bank, National Association
  - Effective: 2022-11-09
  source text: On November 9, 2022, Patterson-UTI Energy, Inc. (the “Company”) entered into Amendment No. 3 to Amended and Restated Credit Agreement (the “Amendment”), which amends the Company’s amended and restated credit agreement, dated as of March 27, 2018 (as previously amended, the “Credit Agreement”), among the Company, as borrower, Wells Fargo Bank, National Association, as administrative agent, letter of credit issuer, swing line lender and lender and each of the other letter of credit issuers and lenders party thereto.
  evidence_url: https://www.sec.gov/Archives/edgar/data/889900/000095017022023841/0000950170-22-023841-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.